Spain: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Spain

The Spanish stone polishing machine market skyrocketed to $X in 2021, with an increase of 46% against the previous year. Overall, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Stone Polishing Machine Production in Spain

In value terms, stone polishing machine production skyrocketed to $X in 2021 estimated in export price. In general, production faced a abrupt shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 214% against the previous year. Stone polishing machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Stone Polishing Machine Exports

Exports from Spain

In 2021, stone polishing machine exports from Spain contracted rapidly to X units, which is down by -31.1% compared with the previous year. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 95% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, stone polishing machine exports reduced dramatically to $X in 2021. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 73%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), Portugal (X units) and Italy (X units) were the main destinations of stone polishing machine exports from Spain, with a combined 87% share of total exports. Mexico, Austria and Morocco lagged somewhat behind, together comprising a further 8.9%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +45.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Spain, comprising 50% of total exports. The second position in the ranking was held by Italy ($X), with a 22% share of total exports. It was followed by the United States, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Portugal totaled +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+45.4% per year) and the United States (-7.0% per year).

Export Prices by Country

In 2021, the average stone polishing machine export price amounted to $X per unit, with a decrease of -5.6% against the previous year. Overall, the export price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2019 an increase of 54%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Spain

In 2021, imports of grinding or polishing machines for working stone, ceramics and concrete into Spain skyrocketed to X units, growing by 62% on 2020. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 93%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, stone polishing machine imports soared to $X in 2021. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Portugal (X units) and Germany (X units) were the main suppliers of stone polishing machine imports to Spain, together accounting for 76% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +53.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) appeared to be the largest stone polishing machine suppliers to Spain, with a combined 83% share of total imports. China, Portugal and Sweden lagged somewhat behind, together comprising a further 9.9%.

Sweden, with a CAGR of +32.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average stone polishing machine import price amounted to $X per unit, jumping by 40% against the previous year. In general, the import price, however, recorded a abrupt downturn. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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